New delhi: Deputy Minister in the Presidency, Kenny Morolong, has issued a call to business leaders to consider long-term investments in the South African economy. This appeal was made during the 20th edition of the Confederation of Indian Industry (CII) Africa India Conclave held in India.
According to South African Government News Agency, Deputy Minister Morolong emphasized the potential for economic growth, investment, and job creation through a strengthened partnership between India and South Africa. He expressed optimism about collaborating with Indian investors and businesses to realize shared priorities and unlock new opportunities for cooperation.
Speaking at the conclave, Morolong highlighted the significance of the partnership between the two nations, underpinned by a shared history and cultural ties. He noted the potential for increased trade and investment, praising India as a key player in the global economy whose expertise and investment opportunities South Africa is eager to access.
Morolong acknowledged India’s leadership in the G20 in 2023, commending its efforts to elevate Global South priorities. He expressed South Africa’s intent to build on these efforts as it prepares to assume the G20 Presidency in December 2024 under the theme ‘Solidarity, Equality, Sustainability’. The Deputy Minister highlighted the responsibilities accompanying this role, emphasizing Africa’s voice in global leadership.
The Deputy Minister outlined several key priorities for South Africa, including investment in infrastructure, transportation, energy, and telecommunications. He stressed the importance of trade facilitation, digitalization, and sustainable development, particularly in addressing climate change challenges.
Morolong reiterated South Africa’s strategic position and infrastructure under the African Continental Free Trade Area, offering access to Africa’s vast consumer base and economy. He called on investors and partners to join South Africa in its development journey, emphasizing the nation’s openness to business and investment.